India, Aug. 19 -- The applicable Retail Price Index (RPI rate) is 3.2% for the period 1 September 2025 to 31 August 2026. The interest rate for Plan 1 income-contingent repayment student loans is RPI (3.2%) or the Bank Base Rate (currently 4%) + 1% (5%), whichever is lower.
The maximum interest rate on Plan 1 Income Contingent Repayment Loans during the period 1 September 2025 until 31 August 2026 will be 3.2%, the applicable rate of RPI for the period.
Subject to any decrease in the Bank base rate from 1 September, the interest rate will be set at RPI 3.2%.
Please monitor this website regularly as the rates may change during the academic year.
The repayment threshold for Plan 1 loans will rise to £26,900 from 6 April 2026 to 5 Ap...